Billing, Settlements & Credit
PJM manages all aspects of the electric grid and the wholesale market, including the purchase and sale of energy, transmission services and ancillary services. PJM provides weekly and monthly invoices for each market participant. The market settlements and billing FAQs provide an introduction to how charges are billed in the market.
Reconciliation Billing Determinants
Monthly | Hourly | Daily
Billing Determinant Definitions
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| Reconciliation billing determinants are used by PJM to reconcile past months' billings between EDCs and Retail Load Aggregators (a.k.a. Electric Generation Suppliers) for certain allocations that are based on real-time load ratio shares. The reconciliation kWh data supplied to PJM by the EDCs, which represents the difference between the scheduled Retail Load Responsibility InSchedule and the "actual" customer usage based on metered data, are multiplied by the applicable billing determinants to determine the reconciliation billing amounts for each of the following: |
PJM Charges - June 2006 - present
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Monthly $/MWh rate calculated as PJM's Control Area Administrative Service (Tariff Schedule 9-1) rate, plus PJM's Market Support Service (Tariff Schedule 9-3) rate for transmission customers.
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Transmission Owner Charges - July 1999 - present
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Monthly $/MWh rate for each zone as filed in Schedule 1A of the PJM Open Access Transmission Tariff.
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Regulation Charges - August 2005 - present
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Hourly $/MWh rates calculated as total cost of Regulation in applicable PJM Mid-Atlantic or Western Control Zone regulation market divided by total real-time load in that market.
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Transmission Loss Credits – June 2007 - present
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Hourly $/MWh rates calculated as total transmission loss revenues divided by total PJM real-time load plus exports.
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Synchronized Reserve Charges - May 2006 - present
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Hourly $/MWh rates calculated as total cost of Synchronized Reserve in the applicable reserve zone divided by the total real-time load in that zone.
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Network Integration Transmission Service Revenue Requirements & Rates
THEO, PLC & NSPL Methodology Inventory
An inventory of the procedures for calculation of THEO, PLC, and NSPL for each of the electric distribution companies.
Formula Rates
Network Service Peak Loads
Border Yearly Charge
Transmission Enhancement Worksheets
Form 715 Project Revenue & Cost Allocations 2015-2020*
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Date
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Docket No. ER18-680 Cost Allocations 2018-2020*
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Date
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Form 715 and Docket No. ER18-680 Annual Charge and Credit Estimates*
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Date
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Form 715 and Docket No. ER18-680 Annual Charge and Credit Estimates* XLS
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9.21.2020 |
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| *This information is provided for informational purposes only and should not be relied upon by any party for financial settlement or any other purposes. This information may be subject to change or revision as PJM continues to review the calculations for accuracy, or as determined by the Commission in the pending dockets. PJM expressly disclaims any representations or warranties. |
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Credit
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| PJM Settlement, Inc. - Credit |
Agreements
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Operating Agreement WEB | PDF
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Open Access Transmission Tariff WEB | PDF
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6.3.6